Newmont Gold Ghana Limited (NGGL) has set up a community development fund (CDF) and deposited an initial sum of $3.98 million into it solely for development activities in 10 communities in the Ahafo area. Fact sheets made available to the Ghana News Agency said the amount is the sum total of one per cent of Newmont's net profit per year plus one ... Read more
A Group calling itself 'Youth for Nzema-Manle Development' (YNMD), which claims it is committed to ensuring total development in the Nzemaland, has reminded government that while the entire people of Nzema-Manle nurture high hopes with regards to the potential economic benefits expected from the oil discovery, they must also be involved in all crit ... Read more
A former Finance Minister in the previous administration of the New Patriotic Party (NPP), Mr. Yaw Osafo-Maafo has lauded the National Democratic Congress (NDC) government's decision to re-introduce the duty tax on importation of rice and other staple foods into the country. He has, however, cautioned the government to support local production to a ... Read more
Experts in the telecommunication industry in the West African Sub-region have called for policy implementation to regulate and also break the monopoly of cyber optic cables in the hands of few players, whiles intensifying the penetration of broadband access to the sub-region. This policy direction would be a bench mark policy to help West Afric ... Read more
The Monetary Policy Committee of the Bank of Ghana has reduced the prime rate to 18 per cent from 18.5 per cent. This is the first time the rate has been changed since February. The prime rate is the interest commercial banks pay on loans they take from the central bank. The prime rate is the most basic of all interest charges in the ban ... Read more
An investment banker, Mr Afari Donkor has advised Ghanaians against the penchant to morosely revel in past glories. He said the nation should instead wake up from its slumber and adopt pragmatic measures to facilitate its development. “We should stop as a country getting into this mode of 'we were the first to have independence'…this prin ... Read more
The Poultry Farmers Association of Ghana has welcomed the government’s intervention for the revival of the domestic poultry industry, saying its success or failure will depend on how the provisions in the 2010 budget are given a practical implementation. Respond ... Read more
The Social Security and National Insurance Trust (SSNIT) has initiated a programme to educate workers and other stakeholders on the three-tier pension scheme to facilitate its implementation scheduled to come on stream from January, 2010. According to the Trust, the ne ... Read more
While Finance Minister Dr. Kwabena Duffuor was presenting the National Budget to Parliament with hope, one critical area – modernization of the cash sector of the economy - remained at best in a confused state and at worst an embarrassing drawback. Whoever thought of making Ghana a cashless or near cashless state with the introduction of the E-z ... Read more
The maiden edition of Business Advocacy Challenge (BUSAC) Fund ends within the next six weeks, after the disbursement of about 8.2 million dollars in 360 grants for business advocacy in Ghana. "There is no more money in the Fund to be disbursed," Dr. Dale Rachmeler, Fund Manager told the Ghana News Agency in Accra. Speaking at the launch of J ... Read more
The Budget Statement and Economic Policy for the year 2010, may have been laid before parliament, but the debate bandwagon still rolls on, led largely in part by both politicians and economic think tanks alike, and there is no stopping it, yet. The latest to join in the fray is the former Minister of Finance in the erstwhile NPP regime, Mr. Yaw Osa ... Read more
….Difficulties on the Road to a Better Ghana. “Given the experience in 2009 I had expected that government would come through with a program to inject a heavy dose of local participation in the economy”. This was the reaction of the Convention Peoples Party 2008 Presidential candidate, Dr. Paa Kwesi Nduom in a statement copied to theghanaianj ... Read more
Agriculture, with emphasis on the local production of rice, fish, poultry and livestock, has been handed a massive impetus in the government’s 2010 budget and financial statement. The measures, as contained in the budget statement read by the Finance and Economic ... Read more
Finance Minister, Dr Kwabena Duffuor, has presented the 2010 Budget Statement and Economic Policy to usher in the government’s growth and strategy framework towards what he termed a “Better Ghana”. The budget, captioned “Growth and Stability&rdqu ... Read more
A Deputy Minister of Finance and Economic Planning, Mr Seth Tekper, has given the strongest indication yet that Ghana would continue to rely on the World Bank and the IMF for support. Mr Tekper said there is no evidence in history that the country's reliance on the two Bretton Woods institutions has led it astray in the formulation of its fiscal ... Read more
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